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Avianca adds routes to beaches with eye on bankruptcy exit

Bloomberg Avianca Holdings SA plans to add dozens of routes using smaller aircraft as it plots its emergence from bankruptcy later this year, the airline’s chief executive said. Colombia’s largest carrier is expanding with 50 direct routes between secondary cities in coming years, said CEO Anko van der Werff in an interview. Using narrow-body planes, it will target tourist spots ...

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First negative-yield quote causes flutter in India’s bond market

Bloomberg A negative yield was quoted for the first time ever on India’s sovereign bond trading platform, traders said, triggering intense speculation about the motive. The 6.17% bond maturing in 2021 was offered at a negative yield of around 1.5%, according to traders who saw the quote on the Clearing Corporation of India’s Negotiated Dealing System — Order Matching, or ...

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BofA sees stocks on track for $1.6trn in inflows this year

Bloomberg If investors keep pouring money into equity funds at their current pace, it could add a “breathtaking” $1.6 trillion to stocks this year, Bank of America Corp. (BofA) strategists say. Despite the market volatility spurred by rising bond yields and inflation bets, equity funds attracted a record $68.3 billion in the week through March 17, according to a BofA ...

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